On Monday, Descartes Systems Group cleared a noteworthy technical benchmark, with its Relative Strength (RS) Rating entering into the 80-plus percentile with an upgrade to 83, up from 77 the day before.
IBD's unique rating identifies share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks typically have an RS Rating north of 80 in the early stages of their moves.
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Descartes Systems Group is not currently showing a potential entry point. See if the stock goes on to form a promising consolidation that could ignite a new run.
Descartes Systems Group saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 18% to 25%. Revenue rose from 11% to 14%. Keep an eye out for the company's next round of numbers on or around Dec. 4.
Descartes Systems Group earns the No. 2 rank among its peers in the Computer Software-Special Enterprise industry group. AppLovin is the No. 1-ranked stock within the group.
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